Property Overview: 382 Washington Avenue, Winnipeg
Key Characteristics & Appeal
This home is a one-and-three-quarter storey character property built in 1913, situated on a notably large lot of approximately 4,914 square feet in the Chalmers neighbourhood. Its primary appeal lies in this generous land size, which places it in the top 12% for lot dimensions both on its street and within the local area, offering significant outdoor space and potential. The living area of 1,152 sq ft is comfortably above average for the immediate vicinity, providing more interior space than many neighbouring homes. A key modern update is a renovated basement, adding functional living space.
The property suits practical, value-oriented buyers. It’s ideal for someone seeking a character home with a large yard for gardening, children, or future expansion, without paying a premium for above-average interior square footage city-wide. Given its age and assessed value that is significantly below the Winnipeg average, it also appeals to buyers comfortable with the maintenance of an older home or those looking for a land-value opportunity in a neighbourhood with a mix of historic and newer builds.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, quality, and whether it includes legal secondary suite potential or simply finished living space is not detailed. A professional inspection is recommended to clarify the renovation's nature and compliance.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's age (1913), its location within Chalmers, and the home's specific characteristics. It indicates a more affordable entry point into the market, but property taxes will also be calculated based on this lower assessment, which can be a financial advantage.
3. What are the implications of having no garage?
Buyers should consider the practicalities of street parking and winter vehicle management. The large lot, however, may offer space to add a garage or parking pad in the future, subject to local bylaws and permits.
4. How does the large lot size affect maintenance and costs?
While offering excellent space, a lot of this size requires more upkeep for landscaping, lawn care, and snow removal. It may also present an opportunity for subdivision or adding an accessory structure, but buyers should verify zoning regulations with the city.
5. The home is older than most on the street. Should I be concerned?
Its age (1913) places it among the oldest on the block. This suggests a classic character home but necessitates a thorough inspection focusing on foundational integrity, historical wiring or plumbing updates, and the roof's condition to understand any needed investments.